Broker bond increase challenge gets new backer
The National Association for Minority Truckers has joined the Association of Independent Property Brokers and Agents in calling for legislative repeal of increased surety requirements for brokers and...
View ArticleHow-to: File against a broker’s bond
Federal rules pertaining to broker surety filings are in flux following congressional action last year that raised the minimum bond from $10,000 to $75,000. Still, basic procedures for filing are...
View ArticleBroker organization sues over hike in bond requirement
AIPBA alleges FMCSA violation of the Administrative Procedure Act, given the agency did not conduct rulemaking to raise the minimum required broker bond from $10K to $75K, slated to go into effect...
View ArticleBrokers lose court bid to stop Dec. 1 bond increase
A federal court has denied a broker trade association’s motion to halt an increase in the surety bond from $10,000 to $75,000.
View ArticleBroker numbers fall following bond increase, broker group appealing mandate
A broker trade association is appealing a new regulation that changed their minimum bond requirement from $10,000 to $75,000, which it says already has shut down 2,768 brokers not in compliance by Dec....
View Article35% of brokers have authority revoked in bond increase measure, broker group...
In a number that's been increasing every day since Dec. 1, 7,561 freight brokers are now shut down due to their failure to comply with bond increase required by the MAP-21, says James Lamb, AIPBA...
View ArticleAnother take on broker bond increase: TIA says impact on brokers, industry...
The dropping numbers of brokers in FMCSA's database doesn't tell the whole story, says a TIA rep, and the impact of the broker bond increase on the trucking industry will be minimal, he added.
View ArticleBroker group continues push against bond increase, files for exemption for...
AIPBA has filed an application with FMCSA asking it to exempt all brokers from the increase. The group has also been fighting the bond increase in court.
View ArticleBond co. owner indicted for defrauding motor carrier trust funds
A federal investigation that began four years ago following a request by the Transportation Intermediaries Association has resulted in the indictment of a California bond company owner on charges of...
View ArticleHopping a beverage trailer to D.C.
Follow @channel19todd on Twitter for updates from this week's Motor Carrier Safety Advisory Committee meeting in Alexandria, Va., set to take up highway-bill priorities and CSA, among other topics.
View ArticleTruckers’ lawsuit against broker bond provider to continue following appeal
A lawsuit brought by several small business truckers against a defunct broker and its trust fund provider has fresh life following a successful appeal by the truckers involved and the Owner-Operator...
View ArticlePOLL: Less-than-upstanding dealings with freight brokers: What have you...
From a meager truck-ordered-not-used payment after a conveniently "cancelled" load to late payment, no payment and having to file on a bond for hopes of payment, name your most-often-experienced...
View ArticleHighway robbery: Combating dishonest brokers
Even with more broker-checking services available, some dishonest freight middlemen continue to deceive or steal from owner-operators. Things are in play for a technical change long in process at the...
View ArticleHighway robbery: A clouded transparency
You think you’re all set: After 120 deadhead miles, you’re almost to the pickup — when the broker calls. The load’s canceled, he says, and $150 truck-ordered-not-used (TONU) is coming your way. ......
View ArticleFMCSA takes steps toward immediate suspension of insolvent brokers, seeks...
The Federal Motor Carrier Safety will propose a rule Thursday that will, if made final, set criteria by which the agency could immediately suspend the operating authority of brokers and freight...
View ArticleFMCSA fielding feedback on weeding out insolvent brokers for another month
FMCSA is accepting public comments until Nov. 27 on its proposal to set criteria for revoking the operating authority of brokers who don't comply with federal surety bond and trust fund requirements....
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